Abstract
The paper examines the dependence of economic growth on the level of energy consumption in various countries of the world, divided into groups according to the level of economic development and macroregions. It is shown that the impact of energy consumption on GDP is stronger in developing countries than in developed countries, weeks in OECD countries, which is explained by the extensive nature of economic development. This relationship is clearly seen in such macro-regions as the Asia-Pacific region, Africa, Central and South America. The energy intensity of the countries of the world is calculated and its downward trend is noted.
Published Version
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have